Unique Triplex Investment Opportunity in Chesley! Offering over 3,600 square feet of residential living space, this property features two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor. The four-bedroom unit offers approximately 1,824... square feet, including a large kitchen, hardwood flooring in several rooms and a natural gas boiler installed in 2022. Previously owner-occupied, this apartment is now vacant, offering an opportunity to live in one unit while the other two help pay your mortgage, or rent all three units for additional income. The two one-bedroom apartments are occupied by long-term tenants, currently generating approximately $20,760 annually in gross rental income. With an estimated rental potential of $1,800 per month plus utilities for the vacant four-bedroom apartment, the property could generate approximately $42,360 in annual gross residential rental income. Each apartment has its own laundry facilities, and the building has benefited from numerous updates over the years. Adding to the property's possibilities is a massive attached former creamery offering multiple levels of garage, workshop and storage space, with potential for additional rental income. The property also features an attached carport, additional parking and a treed backyard overlooking the Saugeen River. An interesting opportunity for investors or buyers looking to offset their mortgage with rental income.
Full Property Details
Interior
Bedrooms
6
Total Bedrooms
6
Washrooms
3
Square Footage
3500-5000 sqft
Basement
Unfinished,Walk-Out
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
None
Family Room
No
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Bedrooms
6
Total Bedrooms
6
Washrooms
3
Square Footage
3500-5000 sqft
Basement
Unfinished,Walk-Out
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
None
Family Room
No
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Exterior
Depth
133.0
Front
103.95
Lot Size
104 x 133.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
Attached
Garage Spaces
2
Depth
133.0
Front
103.95
Lot Size
104 x 133.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
Attached
Garage Spaces
2
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
North
Exterior Finish
Vinyl Siding,Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/30/2026
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
North
Exterior Finish
Vinyl Siding,Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/30/2026
Community
Community
Arran-Elderslie
Community
Arran-Elderslie
Taxes & Fees
Taxes
$5,746 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$5,746 /yr
Tax Year
2026
Occupancy
Tenant
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